Location: Saskatoon, Saskatchewan
- Strong customer relationships, 80% of their business is from 6 longstanding contracts
- Subcontracted business model, most drivers are sub-contracted and share the risk with the company
- Ability to scale business and pursue growth opportunities with additional investment
Reason for Sale
Recent health issues and other business interests are the main reasons for sale. The business owners want to find a successor to continue the successful operation of the business.
Training and Support
The owners are looking for a buyer to take over the management role. The current owners will move to a mentoring role while remaining involved in the sales process during the transition.
The business is located in Saskatoon SK and was founded in 2006. The Company delivers smaller goods throughout Saskatchewan through a network of contracted couriers. Primary customers are businesses requiring timely and reliable service with focus on customer service.
The Company is projected to have revenue and profits to remain stable in 2015 and beyond. Relationships with their 6 major customers (which accounts for 80% of their revenue) are strong and these contracts are expected to continue.
Market Information and Competition
The company operates in Saskatchewan focusing on overnight service to rural areas. The courier industry is considered a mature industry dominated by large players but less sensitive during economic downturns compared to other industries. The company is focused on a niche markets that are not serviced by the large players and often is sub-contracted by these players for certain deliveries.
If you are interested in this business, please contact:
Travis Kellett, Broker
Bridgepoint Business Brokers
Email: Click to email Travis
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